Press Release

FOR IMMEDIATE RELEASE For more information please contact:

July 20, 2018 Lisa M. Barnott, (941) 757-1542

Lisa.barnott@lakewoodranch.com

LAKEWOOD RANCH HOME SALES EXCEED 12,000

(LAKEWOOD RANCH, Fla.) Robust new home sales in 2018 helped Lakewood Ranch reach a milestone in the community’s 24-year history: 12,034 sales. Fifty homes were sold in the first week of July alone, bringing the total number of new homes sold in the Ranch in 2018 to 882, with an overall sales value of close to $4.9 billion.

Sales are credited to the Ranch’s successful market segmentation—the targeting of various age, income, and household segments with appropriately priced and designed residential product types and lifestyle amenities. Now home to approximately 33,000 residents, Lakewood Ranch is adding more urban and attached products specifically to continue to increase its share of millennials by offering both a lifestyle and price point attractive to this generation.

Also critical is the availability of various healthy community features such as easily accessible parks and multiuse or dedicated paths and trails that offer a variety of experiences, including biking, walking, running, hiking.

“We are excited to have reached this milestone on the heels of having been named the second best-selling, master-planned community in the country at mid-year 2018,” said Laura Cole, vice president of marketing for LWR Communities, LLC. “The active employment market, coupled with great schools and amenities, have continued to attract buyers and have made the Ranch one of the top 10, best-selling in the country for seven years in a row.”

There are more than 20 builders in Lakewood Ranch with 70+ models ranging in cost from $200,000 to more than $1 million.

One of the Ranch’s newest offerings is Lakewood Ranch Waterside, located in Sarasota County. When complete, Waterside will feature single-family homes, townhomes and apartments—all nestled among seven lakes, with walkability to the new village center, Waterside Place. Waterside Place is scheduled to break ground in the fall of 2018.

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Lakewood Ranch is the 31,000-acre award-winning master-planned community in Sarasota and Manatee counties on the West Coast of Florida. Just minutes from the Gulf Coast beaches and cultural assets in Sarasota, Lakewood Ranch is already home to more than 33,000 residents and features A-rated schools, a hospital, the Sarasota Polo Club, the 75-acre Premier Sports Campus, its own Main Street with theaters, shopping and dining, and more than four million square feet of commercial property. For more information visit www.lakewoodranch.com.